Dec 17 (Reuters) - Data Exchange Network Ltd (DXN) :
- SECURED PLACEMENT OF 12.7 MILLION SHARES AT $0.155 PER SHARE & 224,129 SHARES UNDER PRIVATE PLACEMENT RAISING $2 MILLION BEFORE COSTS
- CO TO INVITE EXISTING SHAREHOLDERS TO INVEST IN CO THROUGH A SHARE PURCHASE PLAN AT PURCHASE PRICE OF $0.155 PER SHARE
- AMOUNT TO BE RAISED UNDER SPP IS $2.5 MILLION WITH OVERSUBSCRIPTIONS FOR ANOTHER $1 MILLION
